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on november comps. gap, macy's, target, all disappointing. is it all due to sandy and what does it mean for the holidays. >> tiffany is not a statement on lucksy, but rather company specific. >> quite near meets with the president today. . >> and we have another upgrade for research in motion. this time at goldman-sachs saying the blackberry 10 will not only beat expectations but also put the company in the black by fiscal '14. >> target, macy's and kohl's reporting unexpected declines. number of retailers blaming sandy for the lackluster results, david and jim. they say the second half of the month wasn't so bad, but still a lot of white knuckles as somebody said about the holidays. >> i think that one of the untold stories may still be exactly how bad sandy was. sandy is going to turn out to be a $100 billion storm. but i think it's a shutdown. it was the shutdown of a major part of the infrastructure of the nation. i'm going to go with the retailers who blame sandy. i'm going to take them at face value. >> so macy's they say record setting volume when it comes to thanksgiving, but th
, but not broken. coming up, inside lady liberty for a look at the damage left behind by sandy to see what needs to be done to get this american icon back up and running. dermatologist recommendedcer ] aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. since ameriprise financial was founded back in 1894, they've been committed to putting clients firs
less than a quarter inch of rain over the last few weeks. not much rain around here since sandy blew through. most of november was quite dry. our total for the month, just a trace. we're at almost pvents 6 of an inch. the yearly total is almost five inches below normal for the year. high temperatures today occurred just before 1:00. between midnight and 1:00 we were on the warm side of that front and the 51 degree low is the current temperature for the day. it is getting chillier. temperatures are down into the low and mid 40's. low 50's and you can kind of see the cold area coming in. 30's in oakland. 35 downtown. clear skies, northwest wind at 5 miles per hour and the sun went down a few minutes ago. 50's around here right now and it gets chillier as you head into cleveland. that is where the air is coming from. the core of the cold will pass far to our north as high pressure moves on by and on friday, the next warm front will actually be coming our way. this warm front is significant. look at the temperatures 68 in denver right now. it is going to be chilly for a couple of days, i
of applause for marilyn. >> good job. >> thank you, sweetie. >>> we have sandy, 63 from new brunswick, canada. that's so nice. she had the same look as long as she can remember. she was excited to get a glam new look. let's hear her story. >> i'm excited for this one because underneath here i know that there is a hot little body and you're single. tell me what you want? from this makeover. >> i would like to look like a new yorker. >> a new yorker. >> yes. >> and you're single so we're going to make you look very glam so maybe you can find your ultimate man. >> that would be a bonus, yes. that would be great. >> all righty. she is here with her daughter-in-law lynn. let's look at sandy before and bring the new sandy out. >> wow! all right, lynn. take off your blind fold there. >> oh, my god. i love it! >> turn around, sandy. see what she's clapping for. >> oh, my gosh. it's beautiful. i love my hair. >> you obviously did a major makeover here. >> sandy had the problem of she was born blonde, her hair kept going gray and she kept highlighting it. >> look at the difference. >> i put color all o
noise in this report. early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke does. i think his programs have long since not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage to the psyche of job creation than anything
as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at where pxp, that being the ticker symbol in
is changing its warning system after superstorm sandy caught many off-guard. they are changing the definitions so people will be ready for extreme conditions. >>> people in krisfield are still suffering from sandy's damage after a federal decision not to provide aid to storm- battered residents. the city's mayor is challenging the federal decision. >> is there water coming into your residence right now. >> yes, ma'am. >> try to stay calm. >> reporter: taking stock of the damage came next. sitting just above the bay, many in town took a hit. >> my building took a big beating. it's the worst i've seen. >> clearly, krisfield took it the hardest. a lot of people have been swamped out of their home. >> reporter: after seeing their damage, the governor asked for federal disaster relief. federal help won't be coming to homeowners and businesses does because not enough damage could be done. it is not based upon the trauma to the individual. >> we need help. we need help. we cannot do it. >> reporter: the reason, many who lost furnaces, first floors
. >> you have a combination of 11 year old age of autos, destruction of -- by the way, sandy was an auto destroyer. loss of life. horrible. terrible. it also took out many more cars than people realize. you have to pump overtime to be meet the demand. >> we're still adding up sandy and figuring that out. we're far from figuring that out. hundreds of thousands of automobiles. where are we? 15 plus at the end? >> it's possible. 15. it puts people to work in the country. they don't just add in mexico. mexico is booming. fabulous moment for mexico. they will add in this country too. >> there's talk that their share of the market in the northeast, the big three, is not as high as it is in the rest of the country. we live in part of the country where incomes are higher. you may see better numbers out of bmws and mercedes. >> i don't know the percentage that's brought into the new jersey, new york area, the ones that you always see when you go over a bridge and you look down and this is new york -- i don't mean to be too centric. the foreign cars have to replenish quickly. american cars have to
sandy and anxiety over the fiscal cliff affecting job growth. adp showing the private sector created 115,000 positions last month. the expectation was about 125,000. it comes ahead of friday's key employment report and to talk about that and more, our senior economics reporter steve leisman joins us from washington. steve, we'll talk about your interview with secretary geithner in a moment but let's talk about those economic numbers. what about today's, what about friday's? >> before i get to the adp number, i have new information i've been able to report on the way down here from new york. that is, be prepared on friday for potentially, especially in the household survey that creates the unemployment number. be prepared for potentially big sandy effects. let me tell you why. we had an early thanksgiving this year. 11/22. the 22nd of the month. what happens on those kind of years is that the bls moves back the survey week from the 12th which is the normal survey week in this case, to the 5th. what was the fifth? it was the week that really the worst effects of sandy in terms of people no
points. at the low of the day we were down 56. >> we're going to start hearing the impact of sandy as we approach the holiday shopping season. sandy stimulated sales of new cars last month. see which automaker drove away with bigger gains, ford or gm. >> then pain at the pump. our next guest is warning a new ethanol fuel blend that not only costs more but adds to the cost of food could damage your car and void your warranty. really? you're going to want to hear this coming up. >>> and banks be aware. a third of americans would rather get a mortgage from walmart than a bank, even though walmart doesn't offer them, at least not yet. we'll hear from somebody saying offering home loans would be a boone for walmart stocks. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. when you take a closer loo
hurricane sandy will cost it over $1 billion, but will the impact on the fiscal cliff be even worse? the head of allstate is with me sitting down for a cnbc exclusive coming up in a few minutes. don't miss it. back in a moment. [ male announc] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's sol
superstorm sandy. find out at 8:30 a.m. eastern. and cut! very good. o geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box" everyone. the futures right now are at this point right around the flat line. we had seen the dow futures up by 15 points or so, it's come back down but probably a lot of people waiting to see what happens in washington because it's been driving trading for several weeks. >>> honda is expecting within two years it will export more vehicles than it imports from japan. the company says the factories will take on a larger role in global product development at that point. >>> all right, i've been wanting to ask larry some specific questions and i'm going to do it now because actually some of the stuff you talk about doug oberhelm, you teach economics, you're an economic sage so the mantra and we heard it again that if we could get rid of the, which is hard, but is the obama's administration resi
for first-time unemployment claims last week. that's a high number. forget about sandy, 370,000 is a high number. here we are raising taxes on everybody who worked by $120 billion. maybe we'll also raise taxes on richer people, wealthier people. raise the tax on dividends and interest and capital gains. that amount to a big tax increase in a weak economy. should we be doing that? >> what we are told is all across the board this is what has to happen. we need revenues brought into the federal government. a lot of people unhappy with that model. but that what's they are arguing. >> reporter: that's what they are arguing. but the president wants higher tax rates on the rich web's standing firm on that. the republicans are not going to say caved but they agreed to $800 billion in extra tax revenues over 10 years. so yes a tax increase is coming in one form or another. and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look diff
shopping season is going so far. we know that those november retail sales reflected sandy and some other one-time issues. what do you think really is happening behind the scenes in terms of what's happening for holiday shopping? >> well, i think it's the same story every year. the promotions start early, black friday's always a big weekend, this year was no different, and it depends on who you listen to nrf was very optimistic about the estimates, gallup was not so much, and then the sandy-related numbers. there are clear winners and losers here. it's the sandy blameathon, clearly, but some of the winners and losers walmart and limited. >> walmart and limited. who do you think is in trouble. we saw gap shares down by 7%. is that a reflection of the dividend they won't be paying or the special dividend. is there something more with what's going on with stores there? >> well, i think everybody's nervous now, certainly. again, after you saw the tough numbers in november, the question is, do retailers get nervous? do they press the pedal in terms of more and more promotions? gap yesterday wa
my number. say add it up to $4 trillion for me. >> that's a good point. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant flooding. that's not typically konked by us but by the government if you buy their policy. unfortunately very few people buy coverage. so unfort flatly there's a bunch of people whose homes got wrecked and that's what cuomo and christie are seeking. our government has a hit of going back to the state and saying, sorry you didn't buy insurance, here's some money and they'll do it again. they're trying to negotiate as to how much they get. >> allstate's ceo tom wilson. we appreciate your time. >> thank you. >>> when we return, we'll h
in october. i've talked to some experts who say sandy, the sandy effect on the jobs is somewhere between 80 and 100,000 jobs in the month of november. so whatever it is you can blame sandy for what 80 to a hundred. add that to whatever the number is and it maybe should be what the number should have been. we are taking a deep dive into understanding the american electorate. it could spell a lot of trouble for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ ♪ [ male announcer ] ever
chief, speaking this morning. >> some important comments. hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came ou
of things. sandy continues to make me feel these numbers are too difficult. i find them unfathomable. the speech is about way too much unemployment and very unfathomable in terms of the actual destruction. you got numbers from two different governors. they are unusually low. i don't trust any number during this period. >> especially the number we'll get a week from today which estimates for nonfarm are not that good. 75 maybe. sandy will continue to ring in our ears for the next few weeks. >> and then i believe you're going to get when you get supplies rebuilt and enough bricks and enough lumber. did you see that lumber hit a six-year high yesterday. >> wow. >> copper. a lot of people talking about short buy on copper. everyone saying it's about china. a lot of copper comes from scrap and the scrap in the northeast where there's a huge amount of copper, it's extraordinary. a lot of equipment is stalled. >> think of the copper wires here downtown eroded because of exposure to salt water that need to be replaced. >> when i hear the things that have been thrown away, the 500,000 cases o
to get up. >> you okay, buddy? >> more than a month after superstorm sandy, a family living in a borrowed apartment is trying to put its life back together. >>> plus, back behind bars. john mcafee under arrest and get this. he's blogging from jail. >>> and could an online review of a business get you sued? a new case raises the question, just how far can you go when you sound off online? tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. hurry in and try five succulent entrees, like our tender snow crab pair
♪ e. what? i was confused. >> by what? >> stephanie: we have representative sandy -- >> levin. >> stephanie: i was not going to mispronounce that. >> okay. >> stephanie: it is a bad nightmare repeating, isn't it jacki? >> the fiscal cliff negotiations? >> stephanie: yes. >> i love that they don't include the tax cuts for the middle class or the expiration for the bush tax cuts for the top 2%. and they are like here is our offer. if you are going to make a deal at least deal something somebody actually wants. >> yeah. >> stephanie: serious plan. they are like they won the election. >> it is totally farfetched and they are like i don't understand why he doesn't want it. >> stephanie: all right. here she is, jacki schechner in the current news. >> good morning. we already know that ashley judd can show a much wider range of emotion that some. she has been taking steps to assess her options when it comes to running for office. she is doing opposition research on herself to see where she might be most vulnerable. mcconnell will be running for his sixth term another o
building to save lives, invites superstorm sandy victims into his home and rushes to aid a pedestrian hit by a car. heroism so out of the norm, it's been lampooned by booker himself and new jersey governor chris christie. >> gov, sit tight. i got this. >> booker. >> governor, stand back! i got this. i got this. >> booker! >> now booker says he will honor a challenge he made to one of his million plus twitter followers to live on food stamps for a week to see how the other half lives. although it's fair to ask, as mayor of newark, doesn't he already know? the s.n.a.p. challenge, as booker calls it, means eating on just $4.32 a day. he he says he's doing to, quote, raise awareness and understanding of food insecurity, reduce the stigma of s.n.a.p. participation, and amplify compassion for individuals and communities in need of assistance. he was told by a constituent that nutrition is not a responsibility of the government. he seems to be itching to prove her wrong. he could run against the govern governor. i'm not saying he's insincere. i'm just wondering what living for just a week in som
. and you just have been really busy during sandy. you responded to sandy and you rally have been helping the folks on long island out it near and dear to your heart. they all are, but this is really near and dear to your heart. >> i did grow up in long island. and it was amazing to see the storm surge and the wind that struck long island. we were literally just opening up roads for a week and a half, which is a long time, just to create access to communities. so the storm there was very powerful. we were able to clear roads and help ambulances get to people's homes and get people in need to the hospitals. we were able to power up critical buildings and do a lot more obviously. and it is just amazing to see such a powerful storm hit such a highly populated area. we don't usually see something like that happen. >> no, i've seen -- i saw the same thing when i was right in the middle of katrina. i understand exactly what you're talking about. it is something to see and behold but also the human spirit during those things is something to see as well. because people really start helping people
the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american railroads, we know that because we have backed away from a lot of rails because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which has always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway -- kansas city southern also saw some exposure
house through the west executive entrance but he apparently is there to talk about sandy aid. also making news, a massive recovery effort in the philippines after a cat traffic typhoon. at least 350 are diead, 400 mor missing. the u.s. department of state has sent its condolences. >> back at home, unemployment applications are way down. the labor department said the number of people applying for benefits dropped 25,000 last week to 370,000. unemployment applications spiked last month after hurricane sandy to almost a half million in the week of november 10th. >> accompanied by prince william, kate middleton left a london hospital for treatment of acute morning sickness. she will continue her treatment at buckingham palace. >> and there was this prank call to the hospital. >> that doesn't even sound -- i mean, that's ridiculous. the nurse ended up giving up personal information and the d.j.s say they never thought their fake accents would fool anyone. >> jovan belcher's daughter will get about $1 million from the nfl. the linebacker killed her mother and then killed himself. she wil
obama? >> certainly, i think sandy changed things. it let the president be president. i think that helped. >> it changed the subject from benghazi. >> i would also say this race was more of a referendum in some way on mitt romney than it was the president, and that's unusual -- >> does your side -- i know you're a true believer, and i respect that. do you think -- i mean it. do you think they didn't really believe he believed? >> no, i don't think that was the problem. i think the bigger problem was two things. they never personally connected with him. they never felt this attachment, and they didn't see him as -- >> personal. >> second of all, i think we failed middle income blue collar voters who feel we no longer understand their life, no longer are fighting daily for them, and they think what we're about are just the social issues and fighting for tax breaks for the wealthy. that's not what we're about, but we sure let that perception happen. >> my dad is a regular republican, not a right winger. he used to say the trouble with my party is they care about the big corporati
of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at goldman in 2008. >>> news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. >>> swiss banking giant ubs is reportedly close to reaching a $450 million settlement with u.s. and british authorities over an interest rate-rigging scandal that rocked the banking world this year. and on the deal front, delta airlines is said to be in talks for a 49% stake in
his own people and governor chris christie asking the feds to pay 100% for the damage left by sandy. "newsroom" starts now. >>> good morning. thank you so much for being with us. i'm carol costello. we begin this morning in washington where the halls of congress are a little quieter now that house members have gone home for the weekend. the break comes with 26 days to go until the fiscal cliff deadline and after president obama and house speaker john boehner spoke again by phone but failed to reach a deal. boehner says revenues can be on the table just not in the form of tax hikes on the rich. treasury secretary timothy geithner says that just won't work. >> there's no point to an agreement that involve the rates going up on the top 2% of the wealthy. it's only 2%. >> geithner went on to say that he's fully prepared. the obama administration is fully prepared to go off that fiscal cliff if republicans don't agree to tax hikes on the wealthiest americans. let's bring in congressional correspondent kate bolduan. the white house won't budge on taxes. the republican led house takes a br
money. >> plenty of economic data. we is v a welcome respite from all the fiscal cliff. but sandy's fingerprints will be over this data. you're going to see fewer jobs created than expected because sandy kept companies from hiring, people from going out and finding jobs because that was a big disruption in the northeast. we'll start to see the effects of sandy, expected to be temporary but you will see that. >> do you think it will be big some. >> i think that -- i think that -- i think that sandy is going to mean tens of thousands of jobs at least. >> all right. >> more on that tomorrow. >> thank you. >> extreme make-over gop edition. >> paul ryan, marco rubio set a course for rebranding the republican party. >> can you guess the word of the year for 2012? your odds of getting it right are better than in previous years. that's because there are two words almost always looked up together. >> powerball. >> that's your hint. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices wit
shopping season. superstorm sandy knocking the wind out of consumers up and down the east coast. joining us to talk about the retail sector is davidberman, founder of hedge fund derden capital. thank you for coming in today. it is great to have you here. we looked at the retail numbers yesterday. and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. al
important jobs report of the century. this is a squirrelly one in part because we have the sandy effect in there and i think joe's right, there is going to be to an extent a sandy effect in there. i just want to show you first the claims chart. this is the chart we've been putting up every week since hurricane sandy came through and the pattern of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough goin
is trying to have the ban lifted soon. >>> and in new jersey, superstorm sandy caused nearly $37 billion in damage, of that 7.4 billion reflects the cost of future disasters according to governor chris christie who says 4,300 homes were damaged. >>> a boat has washed up on the coast of japan. this is a truly bizarre incident. but a local police chief tells us that the small wooden boat had feint characters on the side that they think are korean. >>> the rebels from the republic of the congo will withdraw as a condition to -- hillary clinton weighed in on the conflict today calling on all african leaders to stand in support of the rebels. >>> it has been 482 days since the u.s. lost it's favored credit rating. they say the economy's actually expanding, but they're still really worried about, you know, the fiscal cliff. >>> and now our fourth story "outfront" for the second day in a row, susan rice met with republican senators, some of whom obviously have harshly criticized her for ther handlin of the attack in benghazi. the moderate susan collins spoke to us. >> i continue to be troubled
, it survived hurricane sandy. 91 gallons a day to keep it alive. you think your tree drops a lot of needles. they use leaf blowers as some people call them to clean up after this one. we're back in just a moment. [ female announcer ] there's no official snowman day or snow angel day. no "pick out your tree" day or "catch snowflakes on your tongue" day. but there is a way to celebrate all these days -- with pillsbury holiday funfetti. [ giggles ] a perfectly sweet way to celebrate more every day. [ male announcer ] handcrafted toys... ♪ the softest bear on the web... a new bedtime story: added to cart. watching her play with the box instead: priceless. your mastercard makes sure you don't pay for unauthorized purchases, not online, not anywhere. that's credit or debit mastercard. that's priceless. >>> welcome back. story tonight about two american brothers who did something that runs counter to just about every and i wore a kufu, and everybody was like, what kind of hat is that? i'm like, my mom made it. i'm a muslim, this is what we wear. >> reporter: few would confuse this kind of headwe
. >> absolutely, absolutely. we also provided about 40,000 toys to the victims of hurricane sandy. >> we forget how much they lost. >> thank you. we really appreciate it. you can also contribute to the toy drive in person here on the plaza or check our website and we'll give you more info. >>> next monday, a couple of hunks will be here, michael buble and curtis stone. >> yes, yes, yes. >> and a performance by a british singer-songwriter. >> and another member to our joy fit club. so much fun happening. >> see you all at "scandalous." >> yes. you say that to my face. the comment went viral. the comments were about what? >> about my teeth. jeff: this blew my mind. you had messed with players like -- >> isiah thomas. >> jim: isiah thomas, everybody. a detroit p
here, sandy was terrible. that will subtract from growth. we also have the little twinkie strike which is something that everybody's worried about, so that will subtract. so when you net all those things out, you'll probably get a number closer to 90,000. but when you net those things out, you know in future months you'll get more growth. 2 pch 2.7, a lot was inventory based. so economic growth probably gets weaker. but as the rebuilding takes prar place, the strike resolved, no jobs no doubt. >> so in the meantime we go back above 8%? >> i think there's a chance that you can touch 8%, but i think you'll stay somewhere near the 8% range. >> if you had to make a prediction like i did, i had to make a prediction for where unemployment would be a year from now. i said somewhere in the 7s. >> i think by the end of next year you'll get a near somewhere in the neighborhood of 7.4, 7.5. still in the 7s. because again, we are going to glow next year something close to 2% and probably a little bit below that. that's not consistent with a huge deceleration of the unemployment rate. >> unless the
coming back. amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about this. it's the growth stock -- key to this market. gilliad has been great. same with ulta. you may laugh at ulta. i won't finish my sentence. >> i may. >> this double the store thing is what whole foods says. any time you can double stores, growth guys just love it. >> we're told there's no concern if we go over the fiscal cliff that that will result in some sort of a chill in the housing recovery offer the housing market. this harvard study that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households unro
, congressman, there are reports the president may ask congress for $50 billion for hurricane sandy, you know, to cover costs of relief and rebuilding. do you expect that to even be held hostage as well by region sn -- republicans? >> yes, do i. >> so no agreement on fiscal cliff, no agreement on debt ceiling, no agreement on this either? >> that's because they are obstructionists. they've turned the win into a partisan political instrument. they've turned the weather into a partisan political instrument. we have a solution to thisç 37e have introduced a discharge petition. we think that we shouldn't be holding the middle class hostage. everyone agrees the first $250,000 in income should receive a tax increase. i believe it should be higher in some areas like long island. but i'm not telling to tell somebody making $130,000 won't get a tax cut until somebody at $300,000 gets theirs. let's just vote today, tomorrow o a bill to give people a tax cut up to the $250,000, we offered a discharge petition. we need 40 republicans to sign that petition, get this out to a vote, put brakes on going ov
this fall really really have struggled and already posting closings. hurricane sandy was just devastating to everybody in the tristate area but broadway was badly hit. all the shows like "jersey boys," that sort of thing, " mamma mia!" " they will be fine, advanced sales. nobody really recovered, the new shows, "chaplin," i think "the anarchist" closing. performers all closing. >> never really know if something's over, we should point out. >> somebody sent me a note today that said just when you think something's over it's actually beginning. it was i guess louis la more once said that i want to encourage everybody to go, if you are in town, in new york, go see some of these shows that are -- they are here for a short time, means the world for our performers to have people in the audience. it -- lots of great shows out there. give it a chance and to every body that has come to see it and loved it and stood and cheered, god bless you. thank you for coming. it has taken awhile to find our audience, because nobody knows what our show was. you know what's happening now, kind of the sad part a
headlines. sandy's impact. buyers are back. and a big bake sale. joining me now forbes staff writer morgan brennan. let's get to hurricane sandy which took a toll of on consumer spending. "consumer reports" says spending fell in october after rising in september. the gdp was higher than estimated. i never can quite figure out how they can both be true and whether or not this continues in coming months. >> that's a great question. i think we need to start with the revised number for the third quarter. the reason we saw gdp growth in the third quarter was because businesses were restocking their inventory. an government spending increased about 9.5%. not sustainable indicators of economic growth in the long term. consumer spending makes up about 70% of economic growth. the fact we saw that come down in october and actually the fact in november the early numbers despite a robust holiday shopping weekend are still not looking so good is why we're seeing economists predict a weak fourth quarter economic number. and we're actually seeing numbers as low as 1% which would be really terrible. >> no
with the jobs report on friday. so i expect to see hurricane sandy was at play in there. >> figuring into that report. looking forward to that. >>> first it was republicans throwing the president's fiscal cliff plan right back at him. now it's the president's turn. he rejected an offer that included no raise in tax rates for the top 2% of americans, seemed to indicate a little wiggle room on his insistence the taxes go up for the wealthy from 35% to 39.6%. here's what he told bloomberg tv. >> do they have to go up to 39.6% now? >> let me sort of describe the process here for you, juliana. let's let those go up and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, look at what loopholes and deductions both democrats and republicans are willing to close and it's possible that we may be able to lower rates by broadening the base at that point. >> want to get to stephanie cutter former deputy campaign manager for obama 2012. stephanie, nice to have you with us this morning. appreciate your time as always. you're the -- >>
christie, together on superstorm sandy. that's what they want more of. i think members of congress -- >> there's no chris christie in washington. michael, there's no chris christie that's circling around washington, d.c., right now that actually needs something from the president. christie needed stuff from the president and fema and wanted it directly to get to his people. of course they're going to play nice. >> i would like to think, though, the president was elected with a mandate. i can't say that. he doesn't control the house. he didn't have the house before. he doesn't have the house now. so compromise has got to be the word of the day. i think that that's what the constituents of these members most want. >> all right. zachary, senator durbin says he could see $400 billion in entitlement cuts. democratic aides telling politico most of it is going to come from medicare in part by raising the retirement age. a move that more than two-thirds of americans oppose. that's according to the latest "washington post" poll. this is something that democrats are going to have a hard time
with another "360" bulletin. >>> families left homeless by super storm sandy may soon need to face the possibility of living on boats. fema says it's researching the idea of quickly creating low cost housing on the water. officials say the vessels would ideally sleep two to six adults. >>> a new study released today finds the ice sheet covering most of greenland is melting fast and causing the oceans to rise. the findings are the result of 20 years of data. researchers say since 1992, the oceans rose 11 millimeters. >>> a new york city police officer's act of kindness is now a global sensation. a tourist visiting from arizona took this photo of the policeman who bought the shoes for a homeless man and is putting them on his feet. she posted it on facebook and it is now being shared and commented on by hundreds of thousands of people. an inspirational act of kindness. >> very inspirational. wonderful act of kindness. wonderful any time, especially this time of year. isha, thank you very much. >>> we are just three days away from sunday night's live broadcast of cnn heroes. an all-st
. handing out $100 bills to people suffering from super storm sandy, calling himself a secret santa. the businessman plans to give out $100,000 in new york and new jersey. god bless him. >>> and nypd police officer hair re deprimo is getting a lot of attention for all good reasons for buying a homeless man a pair of boots. he was on the "today" show this morning. >> the two things that stick out in my mind that night, how cold it was and this was the most polite gentleman i had met and i had to help him. >> after another week of budget negotiations, the message to the nation seems to be we are stuck at square one and that is one of the problems for the obama administration. joining me here in the studio is mark landher white house correspondent for "the new york times." margaret carlson for the bloomberg view and national correspondent chris. thank you very much for being with us. we could use officer deprimo to solve some of the budget problems, christmas spirit and the powerball couple from missouri, amazing couple who one was laid off, the other just finally got a job and now the
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